Privia Health Group Inc (PRVA)
Interest coverage
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 16,982 | 20,649 | -19,122 | -217,436 | 25,380 |
| Interest expense | US$ in thousands | — | 8,372 | 542 | 1,070 | 1,917 |
| Interest coverage | — | 2.47 | -35.28 | -203.21 | 13.24 |
December 31, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $16,982K ÷ $—K
= —
Privia Health Group Inc's interest coverage ratio has shown varying trends over the past few years. As of December 31, 2020, the interest coverage ratio stood at 13.24, indicating that the company's operating income was sufficient to cover its interest expense comfortably. However, the ratio experienced a significant decline to -203.21 by December 31, 2021, meaning that the company's operating income was not enough to cover its interest expenses, resulting in a negative coverage.
In the following years, the interest coverage ratio continued to fluctuate, reaching -35.28 by December 31, 2022, and improving to 2.47 by December 31, 2023. The negative ratios suggest potential financial risk due to insufficient income to cover interest payments.
The absence of data for December 31, 2024, makes it challenging to provide a complete analysis for that period. Overall, Privia Health Group Inc's interest coverage has been volatile, and the company may need to focus on improving its operating income relative to its interest expenses to ensure sustainable financial health.
Peer comparison
Dec 31, 2024